Seem that this topic has been continued in another thread.
https://bitcointalksearch.org/topic/bitcoin-futures-2559333
So locking this one.
Topic: Bitcoin futures contracts (Read 194 times)
Quote
Futures contracts are cash contracts based on bitcoin auction price in U.S. dollars. at Gemini Exchange, owned and operated by virtual currency businessman Cameron and Tyler Winklevoss.
Do the twins have an account on Bitcointalk?
Perhaps they could chip in with their thoughts?
Hi all,
It has become really noticeable, particularly in my LinkedIn feed, that people are getting really excitable about what effect these new Bitcoin futures contracts will have on the price of Bitcoin.
There are a number of implications here:
1. Are these contracts underpinned by any actual BTC?
2. Was the recent price hike caused by market manipulation by investors in this new City product?
3. Are people confusing these contracts with investment in real Bitcoin?
4. What are the future implications to the Bitcoin community from these new City players?
5. The Blockchain has ground to a halt with well over 100MB in the mempool over all this hype. How do we fix it?
Feels free chip in with any other concerns ...
Thanks
Futures contracts are cash contracts based on bitcoin auction price in U.S. dollars. at Gemini Exchange, owned and operated by virtual currency businessman Cameron and Tyler Winklevoss. It has become really noticeable, particularly in my LinkedIn feed, that people are getting really excitable about what effect these new Bitcoin futures contracts will have on the price of Bitcoin.
There are a number of implications here:
1. Are these contracts underpinned by any actual BTC?
2. Was the recent price hike caused by market manipulation by investors in this new City product?
3. Are people confusing these contracts with investment in real Bitcoin?
4. What are the future implications to the Bitcoin community from these new City players?
5. The Blockchain has ground to a halt with well over 100MB in the mempool over all this hype. How do we fix it?
Feels free chip in with any other concerns ...
Thanks
They say that new whale investors will come in and buy a lot of bitcoin even if the price was too high at the moment but I have seen some news that this pump was due to banks putting their money on bitcoin right now then will pull out an amount that would make the price plummets down so they can buy again, This is kind of manipulative strategy regarding the much amount they have in bitcoin, well this is just my assumption regarding the pump that we are experiencing right now.
Dirty pool indeed.
Isn't this why we moved to crypto in the first place; to avoid bank interference?
Perhaps someone could track large BTC movements that may be attributable to City manipulation. (Known addresses.)
If this is not possible perhaps someone could lobby for full disclosure by the banks.
Perhaps trading sites should apply special rules to City institutions.
This type of market manipulation would not be considered legal with fiat currency markets so why should it be legal with crypto?
I hope it push BTC to top
They say that new whale investors will come in and buy a lot of bitcoin even if the price was too high at the moment but I have seen some news that this pump was due to banks putting their money on bitcoin right now then will pull out an amount that would make the price plummets down so they can buy again, This is kind of manipulative strategy regarding the much amount they have in bitcoin, well this is just my assumption regarding the pump that we are experiencing right now.
Hi all,
It has become really noticeable, particularly in my LinkedIn feed, that people are getting really excitable about what effect these new Bitcoin futures contracts will have on the price of Bitcoin.
There are a number of implications here:
1. Are these contracts underpinned by any actual BTC?
2. Was the recent price hike caused by market manipulation by investors in this new City product?
3. Are people confusing these contracts with investment in real Bitcoin?
4. What are the future implications to the Bitcoin community from these new City players?
5. The Blockchain has ground to a halt with well over 100MB in the mempool over all this hype. How do we fix it?
Feels free chip in with any other concerns ...
Thanks
It has become really noticeable, particularly in my LinkedIn feed, that people are getting really excitable about what effect these new Bitcoin futures contracts will have on the price of Bitcoin.
There are a number of implications here:
1. Are these contracts underpinned by any actual BTC?
2. Was the recent price hike caused by market manipulation by investors in this new City product?
3. Are people confusing these contracts with investment in real Bitcoin?
4. What are the future implications to the Bitcoin community from these new City players?
5. The Blockchain has ground to a halt with well over 100MB in the mempool over all this hype. How do we fix it?
Feels free chip in with any other concerns ...
Thanks
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